This startup wants to help Asian Americans send money back home

For decades, centuries even, it’s been common for people to immigrate to the United States in search of opportunities that their home country didn’t offer and, when they became successful, these immigrants would send some of the money they made to the family members that they left behind. The problem is that, nowadays, that can be rather difficult to do and often requires you to pay a significant chunk of the money you’re sending in fees and taxes. That’s why Remitly wants to simplify things, for Asian immigrants at least, and has raised $12.5 million to help do so.